In the second quarter, net sales increased by 15% to SEK 79 billion compared to SEK 69 billion in the preceding year. Adjusted for currency movements and acquired and divested units, sales increased by 29%.

The second quarter operating income amounted to SEK 7.6 billion compared to SEK 4.8 billion in the preceding year. Operating margin was 9.7% (6.9). Compared to the second quarter of 2010, changes in exchange rates had a negative impact of approximately SEK 1.7 billion.

Operating income was negatively impacted by effects from the earthquake and tsunami in Japan in a total of approximately SEK 400 M, of which SEK 100 M in Trucks and SEK 300 M in Construction Equipment.

Highest operating income and operating margin so far for the Group with the truck operation above 10% operating margin.

In the second quarter, operating cash flow in the Industrial Operations was positive in an amount of SEK 5.2 billion (8.5).

In the second quarter, basic and diluted earnings per share amounted to SEK 2.52 (1.55).